Doray Minerals Limited (ASX:DRM) has received encouraging drilling results from testing several near-mine exploration targets at its Deflector Gold-Copper Project, reaffirming the untapped potential of the operation.
A series of programs were completed on the Spanish Galleon, Deflector Southwest and the Da Vinci North prospects.
Spanish Galleon and Deflector Southwest were targeted based on reinterpretations of existing drill data utilising the understanding of mineralisation controls and styles at the nearby Deflector mine.
The Da Vinci North program was drilled to test for further strike extensions to the Da Vinci discovery made in 2017, which has recently been included in the Deflector mine plan.
Results “highlight the high-grade prospectivity”
Doray Minerals managing director Leigh Junk said: “These latest results continue to confirm our long-held belief that there is additional untapped mineralisation across the broader Deflector project area.
“We have been consistent over the past year in investing in near-mine exploration with the target of extending Deflector’s mine life.
“These latest results, while early stage, are extremely encouraging and highlight yet again the high-grade prospectivity of Deflector and we look forward to continuing to unlock its significant potential.”
Drilling on a series of traverses across the Spanish Galleon target 500 metres west of Deflector intersected near-surface gold and copper mineralisation as well as narrow zones of primary mineralisation:
1 metre at 9 g/t gold and 0.1% copper from 52 metres downhole;
1 metre at 7.3 g/t from 37 metres; and
3 metres at 3.8 g/t and 0.4% copper from 112 metres
Drilling on the Deflector Southwest target, 300 metres from Deflector returned several high-grade intersections correlating with the revised interpretation of the prospect:
1 metre at 11.3 g/t and 4.4% copper from 102 metres downhole;
2 metres at 6.1 g/t from 224 metres; and
5 metres at 3.2 g/t and 0.1% copper from 239 metres.
Following the results from these RC programs, Doray is continuing with its aggressive near-mine exploration program along the Deflector corridor.
An aircore drilling campaign has also been completed and tested the interpreted Deflector stratigraphic sequence and structural corridor along strike to the north of Deflector.
This campaign aimed to systemically test the upper and lower basalt sequences, as well as the upper sediment unit, which has recently been found to host mineralisation proximal to Deflector.
Preparations are underway for a second phase of RC and associated drilling to follow up on the results received from the Spanish Galleon and Deflector Southwest target areas, which are anticipated to begin in mid-March 2019.